Startups tap new investors amid uncertainty on China FDI

Amid scrutiny of Chinese capital, Indian startups which have raised funds from Chinese investors in the past are now tapping new investors that do not pose immediate geo-political risks.

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ETtech Morning Dispatch on March 4, 2021: NUE world order

Here's a look at the top tech news to start your day.

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Reliance on board as limited partner in Kalaari Capital’s 4th fund

Kalaari Capital is “honoured to have RIL as an anchor LP or limited partner in its recent fund”, founder Vani Kola says in an email to startup founders and investors, and that the two firms shared a “common enthusiasm” for investments in startups and the digital development of Bharat.

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SBI isn’t giving up on NUE licence yet

State Bank of India (SBI) has told the finance ministry that keeping the country’s biggest mass lender out of RBI’s New Umbrella Entity (NUE) licence race could impede innovation.

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Bijnis, a B2B retail marketplace, closes secondary share sale

Zomato’s Deepinder Goyal and Policybazaar’s Sarbvir Singh are among the startup founders and executives who have purchased Bijnis shares from existing early investors.

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Big Tech firms see tax windfall after Supreme Court ruling on Microsoft

Big Tech firms, including Facebook, Amazon and Google, are set to file for tax refunds in India following a Supreme Court judgment on tax on royalty, but all may be not lost for the government.

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Flipkart, Mastercard, Nabard and PayU to hold 30% in Tata NUE

If it gets the RBI nod for a NUE licence, Tata’s new umbrella entity Ferbine may build a pan-India payment network similar to UPI for a settlement mechanism for e-commerce and online retail transactions.

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